Pub Date : 2011-12-19DOI: 10.2174/1874948801104010028
B. Prasad, R. Martens, P. Matthyssens
The aim of this paper is to identify which managerial practices are required to achieve perceived fairness. The paper is based on a literature review and a dyadic case study on an innovative development project. The analysis shows how perceived fairness can be stimulated by managerial practices. It emphasizes the importance of attending to the multi- ple dimensions of perceived fairness in the concesption and execution of these managerial practices. The paper contributes to the literature on fairness and organization by offering a testable framework in which the concept of perceived fairness is refined.
{"title":"Managerial Practices for Increasing Perceived Fairness in Interorganizational Projects","authors":"B. Prasad, R. Martens, P. Matthyssens","doi":"10.2174/1874948801104010028","DOIUrl":"https://doi.org/10.2174/1874948801104010028","url":null,"abstract":"The aim of this paper is to identify which managerial practices are required to achieve perceived fairness. The paper is based on a literature review and a dyadic case study on an innovative development project. The analysis shows how perceived fairness can be stimulated by managerial practices. It emphasizes the importance of attending to the multi- ple dimensions of perceived fairness in the concesption and execution of these managerial practices. The paper contributes to the literature on fairness and organization by offering a testable framework in which the concept of perceived fairness is refined.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129566268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2011-11-15DOI: 10.2174/1874948801104010016
T. Tavor, U. Spiege
In this paper we reconsidered several pricing policies in the network industry and compared the advantages of some (five) policies on other policies from point of views of the monopoly who considers profit maximization The uniqueness of the network industry is that the demands for services include at least two parties, the sender of a message and the receiver of the message. These demands that are not necessarily symmetric can be estimated very accurately using nowadays technologies like RFID etc. by seller of the network services. Knowing the accurate demands the optimal pricing can be determined.
{"title":"Demand and Supply Model in the Network Market: Two-Sided Markets the Case of the Cellular Industry","authors":"T. Tavor, U. Spiege","doi":"10.2174/1874948801104010016","DOIUrl":"https://doi.org/10.2174/1874948801104010016","url":null,"abstract":"In this paper we reconsidered several pricing policies in the network industry and compared the advantages of some (five) policies on other policies from point of views of the monopoly who considers profit maximization The uniqueness of the network industry is that the demands for services include at least two parties, the sender of a message and the receiver of the message. These demands that are not necessarily symmetric can be estimated very accurately using nowadays technologies like RFID etc. by seller of the network services. Knowing the accurate demands the optimal pricing can be determined.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126425715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2011-10-14DOI: 10.2174/1874948801104010009
A. Silva, Christia Tsai, Margarida Gutierrez
This paper analyses the determinant factors of equity investments made by insurance companies, and pension funds. Brazil offers an interesting case study, because these institutional investors have a huge potential in increasing their equity investments in the future, because their investments in stocks nowadays are far below the limits imposed by regula- tors. Therefore, understanding what kind of companies these institutions would be willing to invest is important to help them on their efforts to attract these investors. Two kinds of analyses are performed. First, we use a logit model in order to estimate the probability for a given company to be in these investors' portfolios. Then we run regressions to analyze the determinants of the size of stock ownership of these investors in a given company. Our results indicate that these investors tend to invest in large, liquid, leveraged companies with good corporate governance practices.
{"title":"Determinants of Equity Investments by Long-Term Institutional Investors: Evidence from Brazil","authors":"A. Silva, Christia Tsai, Margarida Gutierrez","doi":"10.2174/1874948801104010009","DOIUrl":"https://doi.org/10.2174/1874948801104010009","url":null,"abstract":"This paper analyses the determinant factors of equity investments made by insurance companies, and pension funds. Brazil offers an interesting case study, because these institutional investors have a huge potential in increasing their equity investments in the future, because their investments in stocks nowadays are far below the limits imposed by regula- tors. Therefore, understanding what kind of companies these institutions would be willing to invest is important to help them on their efforts to attract these investors. Two kinds of analyses are performed. First, we use a logit model in order to estimate the probability for a given company to be in these investors' portfolios. Then we run regressions to analyze the determinants of the size of stock ownership of these investors in a given company. Our results indicate that these investors tend to invest in large, liquid, leveraged companies with good corporate governance practices.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126869026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2011-06-03DOI: 10.2174/1874948801104010001
Isaiah Deng, Ping Deng
This paper attempts to determine if consumers realistically behave rationally when making choices under cognitive framing illusions. In addition, we demonstrate how cognitive framing illusions can be utilized by firms to earn profit. The paper furthermore details why the framing 7illusion variable cannot be displayed by itself - to work, it must be shown with the rest of the bargain. The double discount effect investigated in this paper is simply one of the myriads of cognitive framing illusions firms can utilize to pave their path to effective marketing management. The results from the field research can be useful or practical for future research regarding this topic. Cognitive framing could be expanded past illusions, to include an array of perceptive and psychological aspects of human behavior - how the consumer views not only economic choices, but also how he or she views the world.
{"title":"Cognitive Framing Illusions and Consumer Rationality","authors":"Isaiah Deng, Ping Deng","doi":"10.2174/1874948801104010001","DOIUrl":"https://doi.org/10.2174/1874948801104010001","url":null,"abstract":"This paper attempts to determine if consumers realistically behave rationally when making choices under cognitive framing illusions. In addition, we demonstrate how cognitive framing illusions can be utilized by firms to earn profit. The paper furthermore details why the framing 7illusion variable cannot be displayed by itself - to work, it must be shown with the rest of the bargain. The double discount effect investigated in this paper is simply one of the myriads of cognitive framing illusions firms can utilize to pave their path to effective marketing management. The results from the field research can be useful or practical for future research regarding this topic. Cognitive framing could be expanded past illusions, to include an array of perceptive and psychological aspects of human behavior - how the consumer views not only economic choices, but also how he or she views the world.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126598642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2009-12-08DOI: 10.2174/1874948800902010017
P. Tervonen, H. Haapasalo, Maarit Niemelä
The objective of this research was to examine the development of safety management in case company Production division. The emphasis is on the present situation and the purpose was to give a general view of safety management. The idea was also to create practical implications as development focuses for the future. The theoretical background of this research is based on organizations, management and leadership, safety culture, safety management systems and risk management. The safety management systems and methods and the historical background were reviewed. The case description is based on ten interviews made in four production sites of the case organisation. The interviews were used to create a description of the historical development and the applications of different sectors of safety management. The most important strengths, weaknesses, opportunities and threats are summarized by applying SWOT analysis. The present situation of the corporate safety and security was assessed by means of an applied version of Capability Maturity Model Integration. The future development focuses were created on the basis of theory, interviews, SWOT analysis and CMMI model. Personnel safety, crime prevention, security of premises and safety in case of non- domestic activity are on a low level. Occupational and Environmental safety are on a highest level. Safety actions should be more proactive and systematic.
{"title":"Evolution of Safety Management and Systems in a Steel Production Organization","authors":"P. Tervonen, H. Haapasalo, Maarit Niemelä","doi":"10.2174/1874948800902010017","DOIUrl":"https://doi.org/10.2174/1874948800902010017","url":null,"abstract":"The objective of this research was to examine the development of safety management in case company Production division. The emphasis is on the present situation and the purpose was to give a general view of safety management. The idea was also to create practical implications as development focuses for the future. The theoretical background of this research is based on organizations, management and leadership, safety culture, safety management systems and risk management. The safety management systems and methods and the historical background were reviewed. The case description is based on ten interviews made in four production sites of the case organisation. The interviews were used to create a description of the historical development and the applications of different sectors of safety management. The most important strengths, weaknesses, opportunities and threats are summarized by applying SWOT analysis. The present situation of the corporate safety and security was assessed by means of an applied version of Capability Maturity Model Integration. The future development focuses were created on the basis of theory, interviews, SWOT analysis and CMMI model. Personnel safety, crime prevention, security of premises and safety in case of non- domestic activity are on a low level. Occupational and Environmental safety are on a highest level. Safety actions should be more proactive and systematic.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123762890","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2009-08-27DOI: 10.2174/1874948800902010011
L. Gan, Shuntian Yao, Ke Li
This paper investigates the decision making of firms with two different objectives – profit maximization and sales maximization, and compares their responses when encountering a higher per unit production cost or if per unit tax is imposed. The discussion in this paper is a follow up of Li and Yao [1], except in this case, a more comprehensive literature review is provided, and a very restricted result previously proposed has been substantially expanded to a few more general propositions.
{"title":"An Increase in Per Unit Cost: The Response from a Sales Maximizer and a Profit Maximizer","authors":"L. Gan, Shuntian Yao, Ke Li","doi":"10.2174/1874948800902010011","DOIUrl":"https://doi.org/10.2174/1874948800902010011","url":null,"abstract":"This paper investigates the decision making of firms with two different objectives – profit maximization and sales maximization, and compares their responses when encountering a higher per unit production cost or if per unit tax is imposed. The discussion in this paper is a follow up of Li and Yao [1], except in this case, a more comprehensive literature review is provided, and a very restricted result previously proposed has been substantially expanded to a few more general propositions.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122351871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2009-01-15DOI: 10.2174/1874948800902010001
H. Kropsu-Vehkapera, H. Haapasalo, Jukka-Pekka Rusanen
Technology management (TM) for companies is about sustaining and improving a company's competitiveness in the long-term. The aim of this study is to identify the common perception of TM functions in Finnish high tech compa- nies, which elements are the most critical for them, and where the biggest d evelopment needs are in practice. Th e study was realised qualitatively in 15 Finnish high tech companies. Interviews were held with persons responsible for company management ac tivities i n t he ar ea of technology. The r esults show m any s imilar characteristics i n t he ca se companies, such as the nature of the technology strategy, the mode of co-operation in technology development, or the ways of acquir- ing technologies. However, differences were also identified mainly in the companies' business models and company size. None of the functions of TM, were evaluated as the most important by the case companies. However, certain functions of TM were highly appreciated and are mostly related to the engineering activities, such as product development, technology development, information and knowledge management, life cycle management, and production process management.
{"title":"Analysis of Technology Management Functions in Finnish High Tech Companies","authors":"H. Kropsu-Vehkapera, H. Haapasalo, Jukka-Pekka Rusanen","doi":"10.2174/1874948800902010001","DOIUrl":"https://doi.org/10.2174/1874948800902010001","url":null,"abstract":"Technology management (TM) for companies is about sustaining and improving a company's competitiveness in the long-term. The aim of this study is to identify the common perception of TM functions in Finnish high tech compa- nies, which elements are the most critical for them, and where the biggest d evelopment needs are in practice. Th e study was realised qualitatively in 15 Finnish high tech companies. Interviews were held with persons responsible for company management ac tivities i n t he ar ea of technology. The r esults show m any s imilar characteristics i n t he ca se companies, such as the nature of the technology strategy, the mode of co-operation in technology development, or the ways of acquir- ing technologies. However, differences were also identified mainly in the companies' business models and company size. None of the functions of TM, were evaluated as the most important by the case companies. However, certain functions of TM were highly appreciated and are mostly related to the engineering activities, such as product development, technology development, information and knowledge management, life cycle management, and production process management.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121316609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-12-23DOI: 10.2174/1874948800801010026
Chikashi Tsuji
This paper develops a new modeling technique for credit risk by applying the self-exciting threshold autore- gressive (SETAR) model with quadruple thresholds to the credit spread in Japan. Using this technique, we successfully reveal that the credit spread dynamics in Japan are divided into five risk levels (categories) by four threshold values. Our investigations also clarify that the credit spread in Japan is highly persistent when the spread is in the second-lowest credit risk level, and that it moves faster without showing persistent dynamics when it is in the middle- and higher-credit risk levels. Furthermore, the levels of the boundary values that specify the lowest-and highest-credit risk regimes can be inter- preted as a type of value-at-risk measure; it is considered to be an extreme case when the spread is in the lowest- or high- est-credit risk levels suggested by our model.
{"title":"Quadruple-Threshold Credit Risk Modeling: Implications for Corporate Financial Risk Management","authors":"Chikashi Tsuji","doi":"10.2174/1874948800801010026","DOIUrl":"https://doi.org/10.2174/1874948800801010026","url":null,"abstract":"This paper develops a new modeling technique for credit risk by applying the self-exciting threshold autore- gressive (SETAR) model with quadruple thresholds to the credit spread in Japan. Using this technique, we successfully reveal that the credit spread dynamics in Japan are divided into five risk levels (categories) by four threshold values. Our investigations also clarify that the credit spread in Japan is highly persistent when the spread is in the second-lowest credit risk level, and that it moves faster without showing persistent dynamics when it is in the middle- and higher-credit risk levels. Furthermore, the levels of the boundary values that specify the lowest-and highest-credit risk regimes can be inter- preted as a type of value-at-risk measure; it is considered to be an extreme case when the spread is in the lowest- or high- est-credit risk levels suggested by our model.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123659747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-05-29DOI: 10.2174/1874948800801010012
B. Ho
{"title":"Measuring Profitability and Marketability in Internet Companies","authors":"B. Ho","doi":"10.2174/1874948800801010012","DOIUrl":"https://doi.org/10.2174/1874948800801010012","url":null,"abstract":"","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132605538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2008-01-29DOI: 10.2174/1874948800801010001
H. Fukuyama, William L. Weber
We examine the effects of different organizational structures between Japanese cooperative Shinkin banks and stockholder owned regional banks on technical inefficiency, technological change, and shadow prices of problem loans during fiscal years 2001 to 2004. We estimate a frontier production technology where banks knowingly generate an undesirable output (problem loans) in the process of producing a portfolio of loans and securities. The frontier technology of production is derived from the work of Fare et al. (2005) and estimated using the deterministic linear programming method of Aigner and Chu (1968). Regional banks are less efficient in absolute terms, but not in relative terms, than Shinkin banks. Regional banks also experienced faster technological progress and had a higher cost of reducing problem loans than than Shinkin banks.
{"title":"Estimating Inefficiency, Technological Change and Shadow Prices of Problem Loans for Regional Banks and Shinkin Banks in Japan","authors":"H. Fukuyama, William L. Weber","doi":"10.2174/1874948800801010001","DOIUrl":"https://doi.org/10.2174/1874948800801010001","url":null,"abstract":"We examine the effects of different organizational structures between Japanese cooperative Shinkin banks and stockholder owned regional banks on technical inefficiency, technological change, and shadow prices of problem loans during fiscal years 2001 to 2004. We estimate a frontier production technology where banks knowingly generate an undesirable output (problem loans) in the process of producing a portfolio of loans and securities. The frontier technology of production is derived from the work of Fare et al. (2005) and estimated using the deterministic linear programming method of Aigner and Chu (1968). Regional banks are less efficient in absolute terms, but not in relative terms, than Shinkin banks. Regional banks also experienced faster technological progress and had a higher cost of reducing problem loans than than Shinkin banks.","PeriodicalId":236623,"journal":{"name":"The Open Management Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128849007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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